Business

State-owned Cyprus Asset Management Company (Kedipes) on Wednesday reported record cash inflows of €439 million for 2022, as well as a state aid repayment amount of €310 million, since the company’s creation ...

Credit Suisse CSGN.S on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its ...

The Synthesis Centre for Research and Innovation announced this week that is proceeding with the launch of the Cyprus Forum for Social Innovation, which is expected to help promote social ...

Deputy Minister of Shipping Marina Hadjimanoli on Wednesday met with Limassol mayor Nicos Nicolaides, during which they touched on matters related to the Cypriot shipping sector. The Limassol mayor congratulated ...

Danish brewer Carlsberg (CARLb.CO) denied on Wednesday a media report that said the company had agreed to sell its Russian business to Turkish rival Anadolu Efes (AEFES.IS). Russian ...

The world’s largest green business ideas competition returns for the tenth consecutive year in Cyprus and invites students, start-ups, entrepreneurs and researchers to submit their cleantech business idea. ClimateLaunchpad ...

Four companies licensed by the Cyprus Securities and Exchange Commission (CySEC) banked with Silicon Valley Bank (SVB) and Signature Bank, the two US banks which recently collapsed, according to statements ...

Chancellor Jeremy Hunt announced on Wednesday a plan that he hopes will speed up Britain’s stagnating economy, including childcare and pension reforms to get more people into work and ...

Europe’s bank stocks came under pressure again on Wednesday, with Credit Suisse (CSGN.S) tumbling to a new low, as investors continued to worry about stresses within the sector ...

European Central Bank policymakers are leaning towards a half-percentage-point rate hike on Thursday, as the banking sector turmoil is dissipating, the eurozone economy is picking up strength and inflation is ...

KPMG’s US boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank (SIVB.O) and Signature Bank (SBNY.O), the Financial Times reported on ...

National flag carrier Cyprus Airways on Wednesday announced its winter flight schedule for 2023, during which it will be flying to 13 destinations with 51 weekly flights. According to the announced schedule, the ...

The cryptocurrency market is filled with hundreds of tokens, each claiming to offer unique benefits and advantages. However, when it comes to tokens with the most utility in the crypto ...

Cryptocurrencies have become a mainstay global financial system. 2023 has seen a new wave of crypto adoption, and innovative crypto projects like TMS Network (TMSN), Polkadot (DOT) and Avalanche (AVAX) are ...

The collapse of Silicon Valley Bank has reverberated around the world, sending shockwaves through the global economy, with numerous companies in the US, Europe and the Asia-Pacific region being directly ...

State-owned Cyprus Asset Management Company (Kedipes) on Tuesday an interest rate subsidy for restructured loans with the base rate of the European Central Bank, so that the interest rates do ...

Britain’s NatWest (NWG.L) has imposed new limits on the daily and monthly amount customers can send to cryptocurrency exchanges, seeking to protect consumers from “crypto-criminals”, the bank said ...

Extreme volatility is rattling US Treasury markets in the wake of Silicon Valley Bank’s (SIVB.O) collapse and investors fear a prolonged bout of gyrations before calm returns to ...

Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week’...

Apple sought to block Apella Games from registering name and logo in the EU Cyprus-based indie gaming company Apella Games has won a major battle against tech giant Apple Inc., ...

Turkey’s current account deficit widened to $9.85 billion in January, data from the central bank showed on Monday, the highest level in four decades of available data, driven by a ...

Boeing Co (BA.N) is expected to sell nearly 80 787 Dreamliner aeroplanes to two Saudi Arabian airlines, a source briefed on the matter said on Monday. An announcement of the plan ...

US regulators are likely to let emergency measures announced Sunday to shore up investor confidence in the banking sector sink in and increase scrutiny of the industry before intervening with ...

According to preliminary data from the Cyprus Statistical Service (Cystat), the trade deficit in Cyprus increased significantly in January 2023, as imports increased more than three times the increase in exports. ...